Voiture Compary manulactures compact, energy-eticiont cars. On April 1, it purchased a machine for its assembly line at a contract price of $600,000 with terms of 2/10, n/30. Vature paid the contrect price on Apri 8 and also incurred instaliation and transportation costs of $4,000, sales tax of $48,000; and testing costs of $2,000. During testing, the machine was accidentally damaged, so the compary had to pay $1,000 to repair at Aequited: Determine the cost of the machine. For esch sem excluded from property plant and equipment, how would the iem be chassilied in the financial statements